Banner

VAT

Fall in tax receipts means VAT to rise as planned

There seems no prospect that the cut in VAT will be extended beyond the planned end of the year reversion to the old rate after it was revealed that tax revenues have fallen sharply.

Read more »

VAT clarity for DIY housebuilders and converters

HMRC has introduced some changes to the DIY refund scheme with the objectives of bringing clarity and avoiding unnecessary queries.

Read more »

Tax plans would help high streets recover

The Chancellor has been urged to drop VAT on energy efficient domestic appliances in a scheme that would mirror the car scrappage programme.

Read more »

VAT cut claims disputed

Figures suggesting that not all retailers passed on last December’s cut in VAT have been countered by a leading trade organisation.

Read more »

VAT dropped from carbon credits

The government has acted to prevent the risk of fraud by removing VAT from carbon credits.

Read more »

Businesses paying back deferred taxes

Businesses that delayed settling their tax bills under a scheme introduced by the government to help those struggling in the economic downturn are paying back the much of the money owed.

Read more »

Charities get mobile phone VAT break

Charities are all set to benefit from a tax break on any donation made by text message.

Read more »

VAT rise still looks set for end of December

Treasury plans to increase the rate of VAT to 17.5 per cent at the end of the year appear certain to go ahead.

Read more »

Billions earmarked for VAT overpayment claims

HM Revenue and Customs (HMRC) is facing £8.5 billion in claims for overpaid VAT.

Read more »

'Occupation' of a building for purposes of disapplying option to tax

Under certain circumstances, an option to tax is disapplied if the person occupying the relevant property does not intend to use it predominantly for taxable purposes.

Read more »
Syndicate content